The macroeconomic view of a trade deficit implies that, other things equal, the imposition of a tariff will reduce South Africa's trade deficit A. Because exports will be promoted and imports cannot possibly change B.Because imports will be reduced and exports cannot possibly change C.Only if the tariff has no impact on South Africa's spending or income D.Only if the tariff leads to increased income in South Africa relative to its spending

Q: Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following…

A: A trade deficit is an amount by which the cost of a country's imports exceeds its exports.

Q: Which of the following can exported to help stabilize the North African and Southwest Asia economy?…

A: The economies of North Africa and the southwest region of Asia confront many kinds of difficulties,…

Q: Only one of the following statements about the trade surplus is correct. Which one is it? a. the…

A: Trade surplus refers to an economic measure of a positive BOT(Balance of trade) in which a country's…

Q: In 2019, the total U.S. trade with foreign countries was $5.6 trillion. How do U.S exports affect…

A: Importing and exporting activities can have an impact on a country's GDP, currency rate, inflation,…

Q: Please explain on how you get the Y

A: GDP refers to the total value of finished goods and services that produced within the economic…

Q: Assuming that a country has a trade deficit of $50 billion, which of the following is true: A. The…

A: During a given time period when the imports of a country are greater than exports of the country ,…

Q: When there are large federal budget deficits, the trade deficit tends to shrink. a. True O b. False

A:

Q: Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the…

A: Balance of Payment: The balance of payments is a systematic record of all economic transactions…

Q: should imports to the united states be curtailed by, say 20 perent to eliminate our trade deficit?

A: Balance of trade is a declaration that catches the nation’s import and export of products with the…

Q: When looking only at the import and export of services, the U.S.    a. has a trade deficit b. has a…

A: When imports of a country are greater than its exports, it is said to have a trade deficit. When…

Q: What is a national balance of trade? What does someone mean when he or she says that the balance of…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: How could an increase in a nation's fiscal deficit increase its trade deficit?

A: Government budget deficit affects the trade deficits. Budget deficit occurs when spending increases…

Q: Other things equal, an increase in government purchases of goods and services pushes the trade…

A: Macroeconomic surveillance will remain critical since it dictates the economy's long-term growth…

Q: Evaluate how a growing trade deficit influences the US economy

A: The difference between exports and imports of goods and services in an economy is called the trade…

Q: None

A: Tariffs and quotas are examples of protectionist policies that are usually used to shield home…

Q: Who receives the greatest benefit from a trade deficit? O Foreign consumers O Domestic farmers…

A: The trade deficit is the deficit in the balance of trade account. The balance of trade account is…

Q: Explain why the WTO is more concerned with the use of direct-export subsidies than production…

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: Define each of the following terms: c. Trade deficit; devaluation; revaluation

A: Trade deficit: Trade deficit can be defined as a situation where country's import exceeds its…

Q: The deficit in the level of domestic savings and investment can be addressed through foreign…

A: The trade deficit, according to most economists, is mostly due to U.S. macroeconomic policy,…

Q: Despite having a customs union, countries in the EU implemented a series of quality, health and…

A: European union implemented a series of quality, health and safety regulation that could affected…

Q: It is impossible that a country runs a negative trade balance over decades.  True  False

A: Balance of trade is a concept through which a country can always keep track of all its imports and…

Q: What will happen to the US trade deficit if the US is in a recession while our trading partners are…

A: Trade deficit happens when the country’s export fell and import rises, it means the situation where…